By: Coleman Jackson, Attorney & Certified Public Accountant May 14, 2020 The H-2A nonimmigrant visa classification has been around for a very long time. See Immigration and Nationality Act (INA) 101(a)(15)(ii)(a), 8 U.S.C. 1101. The H-2A foreign agricultural workers visa; known as H-2A is more in the public eye right now due to the media’s…
By: Coleman Jackson, Attorney & Counselor April 29, 2020 What is a Contract? A contract is an enforceable promise under the law. That means that if you agree to do something for consideration and the other party either performs or changes their position in any material way, the law will compel you to do what…
By: Coleman Jackson, Attorney & Certified Public Accountant March 30, 2020 As you can imagine, things are changing and developing fast and furious during this Covid-19 Pandemic. Developments in taxes are no exception! Our law firm desires to keep our clients and others informed with regards to certain tax developments that might impact their businesses….
By: Coleman Jackson, Attorney & Certified Public Accountant March 07, 2020 Thinking about spending that money withheld from employees’ wages to take a tour of the world, pay other business expenses or house payments? Don’t do it before reading Internal Revenue Code Section 7702! Hear those alarm bells ringing! Anyone required to collect, account for,…
By: Coleman Jackson, Attorney, Certified Public Accountant January 29, 2020 When the Internal Revenue Service sends you a tax bill and you do not pay it, a federal tax lien is created by operation of law whether the IRS files the lien in the public property records in your state or not. A tax lien…
By: Coleman Jackson, Attorney, Certified Public Accountant December 16, 2019 Recently I came across a United States Tax Court memorandum decision dated November 25, 2019 involving a South Dakota farmer with a cutting horse and seed business. The issues in the case that struck me were (1) whether the taxpayer’s cutting horse activity was an…
By Coleman Jackson, Attorney & Certified Public Accountant November 20, 2019 During this past summer, the Taxpayer First Act (“TFA”) became U.S. tax law. The U.S. Congress’ stated purpose of implementing the Taxpayer First Act was to modernize and improve the Internal Revenue Code of 1986. From a bird’s eye view, the following are three…
By: Coleman Jackson, Attorney, Certified Public Accountant October 11, 2019 The United States Congress first established the EB-5 immigrant visa classification in 1990 by enacting Public Law 101-649, 104 Stat. 4978. The stated purpose of the law was to encourage foreign investors to make capital investments in the United States to grow the economy and…
By Coleman Jackson, Attorney, Certified Public Accountant September 16, 2019 Texas imposes a 6.25 percent state sales tax and use tax on all retail sales, leases and rentals of most goods and some services that are either sold in Texas or used in Texas. Cities, Counties and Transit Authorities can charge up to 2%…
By Coleman Jackson, Attorney, Certified Public Accountant September 10, 2019 The Earned Income Tax Credit or EITC is designed to assist working class families with children by putting money in their pockets. The EITC is a tax credit, not, a tax deduction. The difference is huge! A tax credit is a dollar for dollar…
By Coleman Jackson, Attorney, Certified Public Accountant August 21, 2019 Ever heard of the Fixing America’s Surface Transportation (FAST) Act of 2015? Well, under FAST the IRS has the authority to notify the State Department of taxpayers certified as owing the federal government. A significant tax debt is currently defined as a delinquent…
By: Coleman Jackson, Attorney, Certified Public Accountant July 16, 2019 The 1970 Currency and Foreign Transactions Reporting Act, which is otherwise known as the Bank Secrecy Act requires U.S. residents, citizens and businesses with foreign bank accounts and certain other overseas assets to report those interest to the Financial Crimes Network annually on Form…
Whether you’re a small or medium-sized business owner seeking tax or business representation, or an individual seeking immigration assistance, we are ready to provide vigorous and compassionate legal support. Reach out to Coleman Jackson, P.C. today to discuss how we can help you.